Affordable

What Salary Do You Need to Live in Danville?

To afford a 2-bedroom in Danville, you need to earn at least $36,880/year based on estimated fair market rent data. The median household income here is $48,038, which means the typical resident is $11,158 above the threshold.

Census ACS Data Pop. 17,191

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$645	$2,150	$25,800	$-22,238
1 Bedroom	$765	$2,550	$30,600	$-17,438
2 Bedroom BENCHMARK	$922	$3,073	$36,880	$-11,158
3 Bedroom	$1,125	$3,750	$45,000	$-3,038
4 Bedroom	$1,383	$4,610	$55,320	+$7,282

Affordability Breakdown

Where the required salary line crosses above Danville's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,038

Annual household

2BR Required Salary

$36,880

Under 30% rule

Income Gap

+$11,158

Surplus

Verdict

Affordable

Ratio: 23.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Danville

Your Annual Salary

Pre-filled with Danville's median household income

Max monthly rent you can afford$1,201

Studio

$645/mo

1 BR

$765/mo

2 BR

$922/mo

3 BR

$1,125/mo

4 BR

$1,383/mo

Your salary is $0 above the median income in Danville.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Danville's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Danville

Living in Danville is well within reach for most median-income earners. With a $11,158 cushion between what residents earn and what a 2-bedroom requires, households in Danville typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Danville, a studio at $645/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,125/month remains accessible for dual-income households earning above $45,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $55,320 would position you well — though many residents in Danville manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Danville, Kentucky.

With a total population of 17,191, the city supports an active civilian workforce of 7,027 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $36,880 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

7,027

Active civilian employees in Danville

Frequently Asked Questions About Renting in Danville

What salary do I need to live in Danville, Kentucky?

To afford a 2-bedroom in Danville under the 30% rule, you need an annual salary of at least $36,880. The median household income in Danville is $48,038.

Can I afford a 2-bedroom in Danville on $48,038?

The affordability verdict for Danville is "Affordable". The rent-to-income ratio is 23.0%, meaning median earners have a $11,158 surplus.

What is the average rent in Danville compared to median income?

The median gross rent in Danville is $765/month. With a median household income of $48,038, residents spend approximately 23.0% of their income on rent.

What salary do I need for a studio in Danville?

A studio in Danville rents for approximately $645/month. Under the 30% rule, you need an annual salary of $25,800 to afford this.

Is Danville considered an affordable place to live?

Based on the surplus of $11,158 and an affordability verdict of "Affordable", Danville is considered a affordable rental market when comparing the required 2-bedroom salary of $36,880 to the local median household income.

How Danville Compares

Other cities in Kentucky with salary requirements